Recently, Salon Pornchokchai, President of the Thai Information Center for Real Estate Research and Evaluation and the Real Estate Agency, conducted a review of new housing projects opened in the border area of Bangkok in November 2022.
A total of 45 projects were launched, 44 of which were residential projects and 1 other type of real estate project, a total of 11,880 units, with a total project cost of 59.96 billion baht.
We can say that the investment situation in Bangkok is now in a period of «boom», when the number of units increased by 7.3% compared to October 2022.
Statistics November 2022 shows that the majority (64%) of objects are in the price range of more than 5 million baht and above, and luxury homes worth 20 million baht and above occupy 10.6%
The most condominiums were commissioned: 6,162 apartments (51.9% of the total number of real estate units), followed by detached houses – 2,759 units (23.2%), townhouses – 2,180 units (18.4%).
The product with the highest total value is single–family homes – 33.9 billion baht (56.5% of the total value), followed by condominiums – 15.9 billion baht (26.4%), townhouses - 5.5 billion baht (9.3%).
Individual houses are mostly in the price range of 5-10 million baht, townhouses – 2-3 million baht and apartments in condominiums for 1-2 million baht. Inexpensive condominiums are aimed at people with medium and low incomes, and elite mansions designed for people with high incomes.
In November 2022, the average unit price increased to 5,047 million baht, which is 13.9% more than in October 2022, with an average unit sale price of 4,433 million baht.